CreditMarket Cash Loan Index: a mean effective rate is down to 114.65%

February, 07 2012 10:16
Index.KreditMarket

CreditMarket Cash Loan Index went down to 114.65%. The information is as of 7 February 2012.

Volodymyr Kompaniets, Operations Director at KreditMarket: “As we have forecasted, fluctuations in a mean effective rate for cash loans were insignificant for the past two weeks – 1.81%, as compared with 16.15% in the previous period. The market has ultimately restored to its balanced state. For two weeks since the previous measurement, only two banks changed their terms and conditions for granting of cash loans, and one of them – toward lowering the cost of them. Our forecast remains the same for the short-term: this loan type is likely to have insignificant fluctuations in its effective rate.”

Information

CreditMarket Cash Loan Index is calculated on the basis of cash loans without collateral granted for 1 year. The redemption scheme – is annuity, in case of no proposals - a serial loan. Currency – UAH. Amount – UAH8,000.